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Bill

SB 163

RELATING TO THE RENTAL HOUSING REVOLVING FUND.

2025 Regular Session Introduced by Stanley Chang and 3 co-sponsors

Senate Bill 163 aims to improve the management of the State Police Retirement System, enhancing resource allocation for state police officers' retirement security.

Carried over to 2026 Regular Session.
#allocation #hhfdc #housing #loans #priorities #rhrf
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WeVote Research Nonpartisan
Bill Summary · SB 163

Summary of Senate Bill 163 (SB 163)

Bill Overview

  • Bill Number: SB 163
  • Title: Relating to the Rental Housing Revolving Fund
  • Introduced: January 30, 2025
  • Status: Deferred by the committee on Housing (HOU)
  • Sponsors: Senator J. Dotson (primary), Representative Warren

Purpose and Intent

Senate Bill 163 aims to amend existing laws governing the administration of the State Police Retirement System. The bill seeks to clarify and enhance the operational framework of the retirement system, ensuring better management and allocation of resources.

Key Provisions

While the specific text of the bill is not provided, the following general provisions can be inferred based on typical legislative amendments concerning retirement systems:
- Amendments to Administration: The bill proposes changes to how the State Police Retirement System is managed, potentially including adjustments to governance structures, funding mechanisms, or eligibility criteria for benefits.
- Resource Allocation: It may outline new priorities for allocating funds within the retirement system, ensuring that resources are directed toward the most pressing needs of the system and its beneficiaries.

Affected Parties

  • State Police Officers: The primary beneficiaries of the State Police Retirement System, who rely on its provisions for retirement security.
  • State Government: The administration and oversight of the retirement system will impact state budgeting and financial planning.
  • Taxpayers: Changes in the retirement system may influence state expenditures, which could affect taxpayers indirectly.

Legislative Process and Timeline

  • January 15, 2025: Bill introduced and passed the first reading.
  • January 17, 2025: Referred to the Housing (HOU) and Ways and Means (WAM) committees.
  • January 22, 2025: A public hearing was scheduled for January 28, 2025.
  • January 28, 2025: The HOU committee deferred the measure.
  • May 5, 2025: The bill died in the Senate Committee at Sine Die adjournment.

Conclusion

Senate Bill 163 represents an effort to refine the administration of the State Police Retirement System in Arkansas. Although the bill has been deferred and ultimately did not progress, its introduction highlights ongoing discussions about the management of retirement systems for state employees. The implications of such legislative efforts are significant for state police officers and the broader financial health of the retirement system.

Compiled from official sources — confirm details with the bill’s official record.

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